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S.L. NUSBAUM REALTY CO. ANNOUNCES $18 MILLION IN COMPLETED TRANSACTIONS FOR JUNE 2017

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 757.282.6505
SL Nusbaum X Team

NORFOLK, VA – (July 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $18 million in sales and lease volume on 282,355 square feet and 15.14 acres for the Norfolk and Richmond Offices:

NEW LEASES: 

  • Birdsong Corporation has subleased 138,000 square feet of industrial space at 221 Progress Way in Franklin, VA. Stephanie Sanker, CCIM, SIOR represented the sublessor.
  • Spirit Halloween Superstores, LLC has leased 10,810 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Cheer Extreme has leased 7,219 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas and Seth Norman represented the landlord.
  • Duncan’s Posh Salon has leased 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Korner Mart has leased 2,800 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Haile Lytton State Farm Agency has leased 1,700 square feet of retail space at 2225 Hanover Avenue in Richmond, VA. Elliot Warsof represented the tenant.
  • A&D Music Distributors has leased 1,060 square feet of office space at 3300 Tyre Neck Road, Suite A in Portsmouth, VA. Michael Myers handled the transaction.
  • Universal Studio Salon has leased 1,000 square feet of retail space at Arch Village Shopping Center in Midlothian, VA. Elliot Warsof and Nathan Shor represented the landlord.

SALE TRANSACTIONS:

  • M. Biggs, Incorporated has purchased Center Stage@Lumberton, a 42,854 square foot shopping center located on 6.42 acres in Lumberton, NC from Lumberton Partners, LLC for $4,250,000. Nathan Shor represented the seller.
  • 929 Associates, LLC has purchased a 9,100 square foot Dollar General located at 3860 Lewis B. Puller Memorial Highway in Shacklefords, VA from Par 5 Development for $1,420,000. Nathan Shor represented the buyer.
  • Schell Brothers has purchased a 13,554 square foot office building on .9 acre located at 1919 Huguenot Road in Midlothian, VA from Cromwood Associates, LC for $850,000. Nathan Shor, Bob Butcher, Elliot Warsof and Andrew Thacker represented the seller.
  • Pete Mkris has purchased the AAMCO Transmission, Inc. (business only) located at 4941 Virginia Beach Boulevard in Virginia Beach, VA from CAALO, Inc. Ross A. Weinstein, J.D. handled the transaction.
  • Praestes, LLC has purchased a 3,109 square foot office condominium located at 516 Innovation Drive, Suite 102 in Chesapeake, VA from ATK Medical LLC for $520,000. Seth Norman and Martin Murden represented the seller.
  • Stockley Gardens, LLC has purchased a 3,478 square foot multifamily property located on 0.0717 acre at 713 Stockley Gardens in Norfolk, VA for $380,000 from Nancy Kanter. Michael Myers handled the transaction.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Clinton Stackhouse, Jr. has renewed and expanded its lease on 6,203 square feet of office space located in Bridgeway Technology Center II in Suffolk, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • ABC Store has extended its lease on 5,016 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • The Original Mattress Factory has renewed its lease on 5,000 square feet of retail space located at 4240 Portsmouth Boulevard in Chesapeake, VA. Michael Myers represented the landlord.
  • Oast & Taylor PLC has renewed its lease on 2,594 square feet of office space located at 355 Crawford Street in Portsmouth, VA. John M. Profilet, SIOR represented the landlord.
  • Nails Only has exercised its option on 1,600 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Subway has extended its lease on 1,290 square feet of retail space at The Shops at Cedar Valley in Williamsburg, VA. Neal Sadler represented the landlord.
  • 619 Cantina has extended its lease on 1,280 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Tobacco 4 Less has extended its lease on 1,123 square feet of retail space at Mattress Firm Plaza in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Apollo’s Pizza has renewed its lease on 1,200 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • State Farm Insurance has exercised its option on 1,200 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Metro PCS has exercised its option on 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Little Caesar’s Pizza has exercised its option on 1,200 square feet of retail space at College Park Square in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Bubbles has extended its leased on 1,200 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Cravens and Noll, PC has renewed its lease on 1,175 square feet of office space at Parkway West in Colonial Heights, VA. Jim Gresock represented the tenant.
  • Domino’s Pizza has exercised its option and extended its lease on 1,162 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • TJ Nails has renewed its lease on 1,050 square feet of retail space at 4214 Indian River Road, Unit B in Chesapeake, VA. John Wessling, CCIM, Bill Overman, CCIM and Pierce Jacobson represented the landlord.
  • Scents has extended its lease on 630 square feet of retail space at Suffolk Plaza in Suffolk, VA. Chris Hucke represented the landlord.
  • Leslie K. Diamond has extended its lease on 400 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.

With over 111 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping center projects, apartment communities, office and industrial properties throughout the Mid-Atlantic.

 

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